Overview
Savers Value Village Q3 net sales rose 8.1% but just missed analyst expectations
Company reported a Q3 net loss due to $32.6 mln debt extinguishment loss
Company authorizes new $50 mln share repurchase program
Outlook
Company updates fiscal 2025 net sales outlook to $1.67 bln-$1.68 bln
Company lowers fiscal 2025 net income forecast to $17 mln-$21 mln
Company expects fiscal 2025 comparable store sales growth of 4.0%-4.5%
Result Drivers
U.S. SALES GROWTH - U.S. net sales increased 10.5% with comparable store sales up 7.1%, contributing significantly to overall revenue growth
STORE EXPANSION - Co opened 10 new stores, ending the qtr with 364 stores, supporting sales growth
DEBT REFINANCING - Co completed debt refinancing, expected to reduce interest expense by $17 mln annually
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | *Slight Miss | $426.93 mln | $427.55 mln (10 Analysts) |
Q3 EPS | -$0.09 | ||
Q3 Net Income | -$14 mln | ||
Q3 Basic EPS | -$0.09 | ||
Q3 Operating Expenses | $390.59 mln | ||
Q3 Operating Income | $36.34 mln | ||
Q3 Pretax Profit | -$17.32 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbersAnalyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Savers Value Village Inc is $14.00, about 5.1% above its October 29 closing price of $13.28
Press Release: ID:nBw59WH4na
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)